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CLEMSON / Management / MGT 2010 / What is the process of taking risks to create a new enterprise?

What is the process of taking risks to create a new enterprise?

What is the process of taking risks to create a new enterprise?

Description

School: Clemson University
Department: Management
Course: Principles of Management
Professor: Tina robbins
Term: Spring 2016
Tags:
Cost: 50
Name: Management Study Guide Block 1
Description: Everything that is on the test is covered here
Uploaded: 02/01/2016
31 Pages 56 Views 20 Unlocks
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"}ol.lst-kix_zagyc7lup8ly-5.start{counter-reset:lst-ctn-kix_zagyc7lup8ly-5 0}.lst-kix_snq8x6h4jbpy-0 > li:before{content:"● "}ul.lst-kix_snq8x6h4jbpy-1{list-style-type:none}ul.lst-kix_snq8x6h4jbpy-0{list-style-type:none}ul.lst-kix_snq8x6h4jbpy-3{list-style-type:none}ul.lst-kix_snq8x6h4jbpy-2{list-style-type:none}.lst-kix_jiu831a1hlh0-2 > li:before{content:"" counter(lst-ctn-kix_jiu831a1hlh0-2,lower-roman) ") "}.lst-kix_nyriqzl0ubug-1 > li{counter-increment:lst-ctn-kix_nyriqzl0ubug-1}.lst-kix_7y1p1phcqi4c-1 > li:before{content:"○ "}.lst-kix_jiu831a1hlh0-6 > li:before{content:"" counter(lst-ctn-kix_jiu831a1hlh0-6,decimal) ". "}.lst-kix_bpzvb5jqwzgb-2 > li:before{content:"■ "}.lst-kix_bpzvb5jqwzgb-3 > li:before{content:"● "}.lst-kix_7y1p1phcqi4c-2 > li:before{content:"■ "}.lst-kix_jiu831a1hlh0-7 > li:before{content:"" counter(lst-ctn-kix_jiu831a1hlh0-7,lower-latin) ". "}ul.lst-kix_reyzga1kljhv-8{list-style-type:none}ul.lst-kix_reyzga1kljhv-7{list-style-type:none}ul.lst-kix_reyzga1kljhv-6{list-style-type:none}ul.lst-kix_reyzga1kljhv-5{list-style-type:none}.lst-kix_jiu831a1hlh0-4 > li{counter-increment:lst-ctn-kix_jiu831a1hlh0-4}ul.lst-kix_reyzga1kljhv-0{list-style-type:none}.lst-kix_zagyc7lup8ly-1 > li:before{content:"" counter(lst-ctn-kix_zagyc7lup8ly-1,lower-latin) ".) "}.lst-kix_zagyc7lup8ly-2 > li:before{content:"" counter(lst-ctn-kix_zagyc7lup8ly-2,lower-roman) ".) "}ul.lst-kix_reyzga1kljhv-4{list-style-type:none}ul.lst-kix_reyzga1kljhv-3{list-style-type:none}ul.lst-kix_reyzga1kljhv-2{list-style-type:none}ul.lst-kix_reyzga1kljhv-1{list-style-type:none}.lst-kix_jiu831a1hlh0-3 > li:before{content:"(" counter(lst-ctn-kix_jiu831a1hlh0-3,decimal) ") "}.lst-kix_4jovxbw0jrfs-3 > li{counter-increment:lst-ctn-kix_4jovxbw0jrfs-3}.lst-kix_nyriqzl0ubug-5 > li{counter-increment:lst-ctn-kix_nyriqzl0ubug-5}.lst-kix_9uki3ol2bu3m-4 > li:before{content:"○ "}.lst-kix_9uki3ol2bu3m-3 > li:before{content:"● "}.lst-kix_t18i2nyv8n0y-0 > li:before{content:"● "}.lst-kix_yhtw4itg7m0q-3 > li:before{content:"● "}.lst-kix_yhtw4itg7m0q-4 > li:before{content:"○ "}.lst-kix_te32u5nd5yll-6 > li:before{content:"● "}ol.lst-kix_gpx6f2o80x4l-8{list-style-type:none}ol.lst-kix_gpx6f2o80x4l-7{list-style-type:none}.lst-kix_bpzvb5jqwzgb-7 > li:before{content:"○ "}.lst-kix_yhtw4itg7m0q-8 > li:before{content:"■ "}.lst-kix_95wsfn5diwv3-2 > li:before{content:"■ "}ol.lst-kix_gpx6f2o80x4l-4{list-style-type:none}.lst-kix_9uki3ol2bu3m-0 > li:before{content:"● "}ol.lst-kix_gpx6f2o80x4l-3{list-style-type:none}ol.lst-kix_gpx6f2o80x4l-6{list-style-type:none}ol.lst-kix_gpx6f2o80x4l-5{list-style-type:none}ol.lst-kix_gpx6f2o80x4l-0{list-style-type:none}.lst-kix_jiu831a1hlh0-2 > li{counter-increment:lst-ctn-kix_jiu831a1hlh0-2}ol.lst-kix_gpx6f2o80x4l-2{list-style-type:none}ol.lst-kix_gpx6f2o80x4l-1{list-style-type:none}.lst-kix_yhtw4itg7m0q-7 > li:before{content:"○ "}.lst-kix_bpzvb5jqwzgb-6 > li:before{content:"● "}.lst-kix_95wsfn5diwv3-1 > li:before{content:"○ "}.lst-kix_reyzga1kljhv-0 > li:before{content:"● "}.lst-kix_5im4s3fm3pu7-8 > li{counter-increment:lst-ctn-kix_5im4s3fm3pu7-8}ol.lst-kix_zagyc7lup8ly-6.start{counter-reset:lst-ctn-kix_zagyc7lup8ly-6 0}.lst-kix_reyzga1kljhv-4 > li:before{content:"○ "}.lst-kix_reyzga1kljhv-1 > li:before{content:"○ "}.lst-kix_reyzga1kljhv-5 > li:before{content:"■ "}.lst-kix_nyriqzl0ubug-8 > li{counter-increment:lst-ctn-kix_nyriqzl0ubug-8}.lst-kix_5im4s3fm3pu7-4 > li:before{content:"(" counter(lst-ctn-kix_5im4s3fm3pu7-4,lower-latin) ") "}.lst-kix_wiwnco3ytq7j-3 > li:before{content:"● "}.lst-kix_wiwnco3ytq7j-7 > li:before{content:"○ "}.lst-kix_12epep7ac4sf-2 > li:before{content:"■ "}.lst-kix_cg0ux9j3mtsm-0 > li:before{content:"● "}.lst-kix_w7323xu0zmth-7 > li:before{content:"○ "}ul.lst-kix_w88a5zh34thv-8{list-style-type:none}ul.lst-kix_w88a5zh34thv-7{list-style-type:none}ul.lst-kix_w88a5zh34thv-6{list-style-type:none}ul.lst-kix_w88a5zh34thv-5{list-style-type:none}ul.lst-kix_w88a5zh34thv-4{list-style-type:none}.lst-kix_nyriqzl0ubug-5 > li:before{content:"(" counter(lst-ctn-kix_nyriqzl0ubug-5,lower-roman) ") "}ul.lst-kix_w88a5zh34thv-3{list-style-type:none}ul.lst-kix_w88a5zh34thv-2{list-style-type:none}ul.lst-kix_w88a5zh34thv-1{list-style-type:none}.lst-kix_zagyc7lup8ly-0 > li{counter-increment:lst-ctn-kix_zagyc7lup8ly-0}.lst-kix_w7323xu0zmth-3 > li:before{content:"● "}ul.lst-kix_w88a5zh34thv-0{list-style-type:none}.lst-kix_is83053c53v8-8 > li:before{content:"■ "}.lst-kix_5im4s3fm3pu7-0 > li:before{content:"" counter(lst-ctn-kix_5im4s3fm3pu7-0,decimal) ") "}.lst-kix_cg0ux9j3mtsm-4 > li:before{content:"○ "}.lst-kix_4jovxbw0jrfs-6 > li{counter-increment:lst-ctn-kix_4jovxbw0jrfs-6}.lst-kix_5im4s3fm3pu7-1 > li{counter-increment:lst-ctn-kix_5im4s3fm3pu7-1}ul.lst-kix_epyk9bvmydq9-0{list-style-type:none}.lst-kix_95wsfn5diwv3-5 > li:before{content:"■ "}.lst-kix_t18i2nyv8n0y-7 > li:before{content:"○ "}.lst-kix_4jovxbw0jrfs-8 > li{counter-increment:lst-ctn-kix_4jovxbw0jrfs-8}ul.lst-kix_epyk9bvmydq9-8{list-style-type:none}.lst-kix_te32u5nd5yll-2 > li:before{content:"■ "}ul.lst-kix_epyk9bvmydq9-7{list-style-type:none}.lst-kix_t18i2nyv8n0y-3 > li:before{content:"● "}ul.lst-kix_epyk9bvmydq9-6{list-style-type:none}ul.lst-kix_epyk9bvmydq9-5{list-style-type:none}.lst-kix_5im4s3fm3pu7-8 > li:before{content:"" counter(lst-ctn-kix_5im4s3fm3pu7-8,lower-roman) ". "}ul.lst-kix_epyk9bvmydq9-4{list-style-type:none}ul.lst-kix_epyk9bvmydq9-3{list-style-type:none}ul.lst-kix_epyk9bvmydq9-2{list-style-type:none}.lst-kix_yhtw4itg7m0q-0 > li:before{content:"● "}ul.lst-kix_epyk9bvmydq9-1{list-style-type:none}.lst-kix_9uki3ol2bu3m-7 > li:before{content:"○ "}.lst-kix_nt9sw9slwxzd-2 > li:before{content:"- "}.lst-kix_d49xb2m6o938-5 > li:before{content:"■ "}.lst-kix_epyk9bvmydq9-6 > li:before{content:"● "}.lst-kix_7y1p1phcqi4c-5 > li:before{content:"■ "}.lst-kix_rpsxtq921i3-6 > li:before{content:"● "}ul.lst-kix_95wsfn5diwv3-8{list-style-type:none}ul.lst-kix_95wsfn5diwv3-7{list-style-type:none}ol.lst-kix_zagyc7lup8ly-8.start{counter-reset:lst-ctn-kix_zagyc7lup8ly-8 0}ul.lst-kix_95wsfn5diwv3-2{list-style-type:none}ul.lst-kix_95wsfn5diwv3-1{list-style-type:none}ul.lst-kix_95wsfn5diwv3-0{list-style-type:none}ul.lst-kix_95wsfn5diwv3-6{list-style-type:none}ul.lst-kix_2vyrngqus7yg-8{list-style-type:none}ul.lst-kix_95wsfn5diwv3-5{list-style-type:none}ul.lst-kix_2vyrngqus7yg-7{list-style-type:none}.lst-kix_tyblmjqlgach-8 > li:before{content:"- "}ul.lst-kix_95wsfn5diwv3-4{list-style-type:none}ul.lst-kix_2vyrngqus7yg-6{list-style-type:none}ul.lst-kix_95wsfn5diwv3-3{list-style-type:none}ul.lst-kix_2vyrngqus7yg-5{list-style-type:none}.lst-kix_riydto1agbzg-0 > li:before{content:"● "}.lst-kix_nyriqzl0ubug-3 > li{counter-increment:lst-ctn-kix_nyriqzl0ubug-3}.lst-kix_d49xb2m6o938-1 > li:before{content:"○ "}ul.lst-kix_w7323xu0zmth-7{list-style-type:none}ul.lst-kix_w7323xu0zmth-8{list-style-type:none}ul.lst-kix_w7323xu0zmth-5{list-style-type:none}.lst-kix_rpsxtq921i3-2 > li:before{content:"■ "}.lst-kix_snq8x6h4jbpy-3 > li:before{content:"● "}ul.lst-kix_w7323xu0zmth-6{list-style-type:none}.lst-kix_nyriqzl0ubug-1 > li:before{content:"" counter(lst-ctn-kix_nyriqzl0ubug-1,lower-latin) ") "}.lst-kix_tyblmjqlgach-0 > li:before{content:"- "}.lst-kix_tyblmjqlgach-4 > li:before{content:"- "}ul.lst-kix_w7323xu0zmth-3{list-style-type:none}ul.lst-kix_w7323xu0zmth-4{list-style-type:none}.lst-kix_nt9sw9slwxzd-6 > li:before{content:"- "}ul.lst-kix_w7323xu0zmth-1{list-style-type:none}ul.lst-kix_2vyrngqus7yg-4{list-style-type:none}ul.lst-kix_w7323xu0zmth-2{list-style-type:none}ul.lst-kix_2vyrngqus7yg-3{list-style-type:none}ul.lst-kix_2vyrngqus7yg-2{list-style-type:none}ul.lst-kix_w7323xu0zmth-0{list-style-type:none}ul.lst-kix_2vyrngqus7yg-1{list-style-type:none}.lst-kix_4jovxbw0jrfs-1 > li{counter-increment:lst-ctn-kix_4jovxbw0jrfs-1}ul.lst-kix_2vyrngqus7yg-0{list-style-type:none}.lst-kix_riydto1agbzg-4 > li:before{content:"○ "}.lst-kix_epyk9bvmydq9-2 > li:before{content:"■ "}ol.lst-kix_zagyc7lup8ly-2.start{counter-reset:lst-ctn-kix_zagyc7lup8ly-2 0}ul.lst-kix_te32u5nd5yll-7{list-style-type:none}.lst-kix_gpx6f2o80x4l-0 > li{counter-increment:lst-ctn-kix_gpx6f2o80x4l-0}ul.lst-kix_te32u5nd5yll-8{list-style-type:none}.lst-kix_nyriqzl0ubug-2 > li{counter-increment:lst-ctn-kix_nyriqzl0ubug-2}.lst-kix_zagyc7lup8ly-7 > li{counter-increment:lst-ctn-kix_zagyc7lup8ly-7}ul.lst-kix_te32u5nd5yll-0{list-style-type:none}ul.lst-kix_te32u5nd5yll-1{list-style-type:none}ul.lst-kix_te32u5nd5yll-2{list-style-type:none}ul.lst-kix_te32u5nd5yll-3{list-style-type:none}.lst-kix_5im4s3fm3pu7-7 > li{counter-increment:lst-ctn-kix_5im4s3fm3pu7-7}ul.lst-kix_te32u5nd5yll-4{list-style-type:none}ul.lst-kix_te32u5nd5yll-5{list-style-type:none}ul.lst-kix_te32u5nd5yll-6{list-style-type:none}ol.lst-kix_gpx6f2o80x4l-8.start{counter-reset:lst-ctn-kix_gpx6f2o80x4l-8 0}ol.lst-kix_4jovxbw0jrfs-4.start{counter-reset:lst-ctn-kix_4jovxbw0jrfs-4 0}ol.lst-kix_nyriqzl0ubug-5.start{counter-reset:lst-ctn-kix_nyriqzl0ubug-5 0}.lst-kix_4jovxbw0jrfs-2 > li{counter-increment:lst-ctn-kix_4jovxbw0jrfs-2}.lst-kix_jiu831a1hlh0-7 > li{counter-increment:lst-ctn-kix_jiu831a1hlh0-7}ul.lst-kix_bk3egzx4ep3a-0{list-style-type:none}ul.lst-kix_bk3egzx4ep3a-1{list-style-type:none}ul.lst-kix_bk3egzx4ep3a-2{list-style-type:none}ul.lst-kix_bk3egzx4ep3a-3{list-style-type:none}ul.lst-kix_bk3egzx4ep3a-4{list-style-type:none}ul.lst-kix_bk3egzx4ep3a-5{list-style-type:none}ol.lst-kix_zagyc7lup8ly-7.start{counter-reset:lst-ctn-kix_zagyc7lup8ly-7 0}.lst-kix_4jovxbw0jrfs-8 > li:before{content:"" counter(lst-ctn-kix_4jovxbw0jrfs-8,lower-roman) ". "}ul.lst-kix_bk3egzx4ep3a-6{list-style-type:none}ul.lst-kix_bk3egzx4ep3a-7{list-style-type:none}ul.lst-kix_bk3egzx4ep3a-8{list-style-type:none}ol.lst-kix_5im4s3fm3pu7-8.start{counter-reset:lst-ctn-kix_5im4s3fm3pu7-8 0}.lst-kix_4jovxbw0jrfs-5 > li:before{content:"(" counter(lst-ctn-kix_4jovxbw0jrfs-5,lower-roman) ") "}.lst-kix_4jovxbw0jrfs-7 > li:before{content:"" counter(lst-ctn-kix_4jovxbw0jrfs-7,lower-latin) ". "}.lst-kix_4jovxbw0jrfs-6 > li:before{content:"" counter(lst-ctn-kix_4jovxbw0jrfs-6,decimal) ". "}.lst-kix_gpx6f2o80x4l-4 > li{counter-increment:lst-ctn-kix_gpx6f2o80x4l-4}ol.lst-kix_nyriqzl0ubug-0.start{counter-reset:lst-ctn-kix_nyriqzl0ubug-0 0}ol.lst-kix_5im4s3fm3pu7-1.start{counter-reset:lst-ctn-kix_5im4s3fm3pu7-1 0}ul.lst-kix_rpsxtq921i3-8{list-style-type:none}ul.lst-kix_rpsxtq921i3-7{list-style-type:none}ul.lst-kix_ryxazjlr9mxg-8{list-style-type:none}.lst-kix_12epep7ac4sf-6 > li:before{content:"● "}.lst-kix_12epep7ac4sf-8 > li:before{content:"■ "}.lst-kix_4jovxbw0jrfs-1 > li:before{content:"" counter(lst-ctn-kix_4jovxbw0jrfs-1,lower-latin) ".) "}.lst-kix_4jovxbw0jrfs-3 > li:before{content:"(" counter(lst-ctn-kix_4jovxbw0jrfs-3,decimal) ") "}ol.lst-kix_gpx6f2o80x4l-3.start{counter-reset:lst-ctn-kix_gpx6f2o80x4l-3 0}.lst-kix_12epep7ac4sf-7 > li:before{content:"○ "}.lst-kix_4jovxbw0jrfs-0 > li:before{content:"" counter(lst-ctn-kix_4jovxbw0jrfs-0,decimal) ".) "}.lst-kix_4jovxbw0jrfs-4 > li:before{content:"(" counter(lst-ctn-kix_4jovxbw0jrfs-4,lower-latin) ") "}ul.lst-kix_rpsxtq921i3-2{list-style-type:none}ul.lst-kix_ryxazjlr9mxg-6{list-style-type:none}ul.lst-kix_rpsxtq921i3-1{list-style-type:none}ul.lst-kix_ryxazjlr9mxg-7{list-style-type:none}ul.lst-kix_rpsxtq921i3-0{list-style-type:none}ul.lst-kix_ryxazjlr9mxg-4{list-style-type:none}.lst-kix_12epep7ac4sf-4 > li:before{content:"○ "}ul.lst-kix_ryxazjlr9mxg-5{list-style-type:none}ul.lst-kix_rpsxtq921i3-6{list-style-type:none}ul.lst-kix_ryxazjlr9mxg-2{list-style-type:none}ul.lst-kix_rpsxtq921i3-5{list-style-type:none}ul.lst-kix_ryxazjlr9mxg-3{list-style-type:none}ul.lst-kix_rpsxtq921i3-4{list-style-type:none}ul.lst-kix_ryxazjlr9mxg-0{list-style-type:none}ul.lst-kix_rpsxtq921i3-3{list-style-type:none}.lst-kix_12epep7ac4sf-5 > li:before{content:"■ "}ul.lst-kix_ryxazjlr9mxg-1{list-style-type:none}.lst-kix_4jovxbw0jrfs-2 > li:before{content:"" counter(lst-ctn-kix_4jovxbw0jrfs-2,lower-roman) ".) "}ul.lst-kix_wiwnco3ytq7j-7{list-style-type:none}ol.lst-kix_jiu831a1hlh0-6.start{counter-reset:lst-ctn-kix_jiu831a1hlh0-6 0}ul.lst-kix_wiwnco3ytq7j-6{list-style-type:none}.lst-kix_12epep7ac4sf-3 > li:before{content:"● "}ul.lst-kix_wiwnco3ytq7j-8{list-style-type:none}.lst-kix_12epep7ac4sf-1 > li:before{content:"○ "}.lst-kix_gpx6f2o80x4l-7 > li{counter-increment:lst-ctn-kix_gpx6f2o80x4l-7}ul.lst-kix_7y1p1phcqi4c-7{list-style-type:none}ul.lst-kix_7y1p1phcqi4c-8{list-style-type:none}ul.lst-kix_7y1p1phcqi4c-1{list-style-type:none}ul.lst-kix_wiwnco3ytq7j-3{list-style-type:none}ul.lst-kix_7y1p1phcqi4c-2{list-style-type:none}ul.lst-kix_wiwnco3ytq7j-2{list-style-type:none}ul.lst-kix_wiwnco3ytq7j-5{list-style-type:none}ul.lst-kix_7y1p1phcqi4c-0{list-style-type:none}ul.lst-kix_wiwnco3ytq7j-4{list-style-type:none}ul.lst-kix_7y1p1phcqi4c-5{list-style-type:none}ul.lst-kix_7y1p1phcqi4c-6{list-style-type:none}ul.lst-kix_7y1p1phcqi4c-3{list-style-type:none}ul.lst-kix_wiwnco3ytq7j-1{list-style-type:none}ul.lst-kix_7y1p1phcqi4c-4{list-style-type:none}ul.lst-kix_wiwnco3ytq7j-0{list-style-type:none}ol.lst-kix_gpx6f2o80x4l-1.start{counter-reset:lst-ctn-kix_gpx6f2o80x4l-1 0}.lst-kix_t18i2nyv8n0y-8 > li:before{content:"■ "}.lst-kix_t18i2nyv8n0y-6 > li:before{content:"● "}.lst-kix_4jovxbw0jrfs-5 > li{counter-increment:lst-ctn-kix_4jovxbw0jrfs-5}.lst-kix_t18i2nyv8n0y-2 > li:before{content:"■ "}ol.lst-kix_zagyc7lup8ly-4.start{counter-reset:lst-ctn-kix_zagyc7lup8ly-4 0}.lst-kix_t18i2nyv8n0y-4 > li:before{content:"○ "}.lst-kix_epyk9bvmydq9-3 > li:before{content:"● "}.lst-kix_d49xb2m6o938-8 > li:before{content:"■ "}ul.lst-kix_nt9sw9slwxzd-2{list-style-type:none}.lst-kix_d49xb2m6o938-6 > li:before{content:"● "}ul.lst-kix_nt9sw9slwxzd-1{list-style-type:none}ol.lst-kix_jiu831a1hlh0-8.start{counter-reset:lst-ctn-kix_jiu831a1hlh0-8 0}ul.lst-kix_nt9sw9slwxzd-0{list-style-type:none}.lst-kix_5im4s3fm3pu7-3 > li{counter-increment:lst-ctn-kix_5im4s3fm3pu7-3}ul.lst-kix_nt9sw9slwxzd-6{list-style-type:none}.lst-kix_epyk9bvmydq9-7 > li:before{content:"○ "}.lst-kix_d49xb2m6o938-4 > li:before{content:"○ "}ul.lst-kix_nt9sw9slwxzd-5{list-style-type:none}ul.lst-kix_nt9sw9slwxzd-4{list-style-type:none}.lst-kix_nt9sw9slwxzd-1 > li:before{content:"- "}ul.lst-kix_nt9sw9slwxzd-3{list-style-type:none}.lst-kix_epyk9bvmydq9-5 > li:before{content:"■ "}ul.lst-kix_nt9sw9slwxzd-8{list-style-type:none}ul.lst-kix_nt9sw9slwxzd-7{list-style-type:none}.lst-kix_rpsxtq921i3-5 > li:before{content:"■ "}.lst-kix_5im4s3fm3pu7-4 > li{counter-increment:lst-ctn-kix_5im4s3fm3pu7-4}.lst-kix_zagyc7lup8ly-3 > li{counter-increment:lst-ctn-kix_zagyc7lup8ly-3}.lst-kix_rpsxtq921i3-7 > li:before{content:"○ "}.lst-kix_jiu831a1hlh0-6 > li{counter-increment:lst-ctn-kix_jiu831a1hlh0-6}.lst-kix_jiu831a1hlh0-0 > li{counter-increment:lst-ctn-kix_jiu831a1hlh0-0}.lst-kix_tyblmjqlgach-7 > li:before{content:"- "}.lst-kix_tyblmjqlgach-5 > li:before{content:"- "}.lst-kix_riydto1agbzg-1 > li:before{content:"○ "}.lst-kix_d49xb2m6o938-0 > li:before{content:"● "}ul.lst-kix_tyblmjqlgach-0{list-style-type:none}.lst-kix_tyblmjqlgach-1 > li:before{content:"- "}.lst-kix_rpsxtq921i3-3 > li:before{content:"● "}ul.lst-kix_tyblmjqlgach-1{list-style-type:none}.lst-kix_riydto1agbzg-5 > li:before{content:"■ "}.lst-kix_riydto1agbzg-7 > li:before{content:"○ "}.lst-kix_nyriqzl0ubug-6 > li{counter-increment:lst-ctn-kix_nyriqzl0ubug-6}.lst-kix_nt9sw9slwxzd-5 > li:before{content:"- "}.lst-kix_nt9sw9slwxzd-7 > li:before{content:"- "}ul.lst-kix_tyblmjqlgach-2{list-style-type:none}.lst-kix_d49xb2m6o938-2 > li:before{content:"■ "}.lst-kix_tyblmjqlgach-3 > li:before{content:"- "}.lst-kix_snq8x6h4jbpy-4 > li:before{content:"○ "}ul.lst-kix_tyblmjqlgach-7{list-style-type:none}ul.lst-kix_tyblmjqlgach-8{list-style-type:none}.lst-kix_rpsxtq921i3-1 > li:before{content:"○ "}.lst-kix_riydto1agbzg-3 > li:before{content:"● "}.lst-kix_nt9sw9slwxzd-3 > li:before{content:"- "}ul.lst-kix_tyblmjqlgach-3{list-style-type:none}.lst-kix_epyk9bvmydq9-1 > li:before{content:"○ "}ul.lst-kix_tyblmjqlgach-4{list-style-type:none}ul.lst-kix_tyblmjqlgach-5{list-style-type:none}.lst-kix_snq8x6h4jbpy-6 > li:before{content:"● "}ul.lst-kix_tyblmjqlgach-6{list-style-type:none}.lst-kix_2vyrngqus7yg-2 > li:before{content:"■ "}.lst-kix_2vyrngqus7yg-1 > li:before{content:"○ "}.lst-kix_2vyrngqus7yg-5 > li:before{content:"■ "}ol.lst-kix_nyriqzl0ubug-2.start{counter-reset:lst-ctn-kix_nyriqzl0ubug-2 0}.lst-kix_snq8x6h4jbpy-8 > li:before{content:"■ "}.lst-kix_reyzga1kljhv-7 > li:before{content:"○ "}.lst-kix_2vyrngqus7yg-6 > li:before{content:"● "}ol.lst-kix_gpx6f2o80x4l-5.start{counter-reset:lst-ctn-kix_gpx6f2o80x4l-5 0}.lst-kix_snq8x6h4jbpy-2 > li:before{content:"■ "}.lst-kix_snq8x6h4jbpy-1 > li:before{content:"○ "}.lst-kix_zagyc7lup8ly-7 > li:before{content:"" counter(lst-ctn-kix_zagyc7lup8ly-7,lower-latin) ". "}.lst-kix_gpx6f2o80x4l-1 > li{counter-increment:lst-ctn-kix_gpx6f2o80x4l-1}ol.lst-kix_5im4s3fm3pu7-3{list-style-type:none}ol.lst-kix_5im4s3fm3pu7-2{list-style-type:none}ol.lst-kix_5im4s3fm3pu7-5{list-style-type:none}.lst-kix_zagyc7lup8ly-8 > li:before{content:"" counter(lst-ctn-kix_zagyc7lup8ly-8,lower-roman) ". "}ol.lst-kix_5im4s3fm3pu7-4{list-style-type:none}ol.lst-kix_5im4s3fm3pu7-1{list-style-type:none}.lst-kix_zagyc7lup8ly-6 > li{counter-increment:lst-ctn-kix_zagyc7lup8ly-6}ol.lst-kix_5im4s3fm3pu7-0{list-style-type:none}.lst-kix_bpzvb5jqwzgb-0 > li:before{content:"● "}ol.lst-kix_nyriqzl0ubug-8.start{counter-reset:lst-ctn-kix_nyriqzl0ubug-8 0}.lst-kix_jiu831a1hlh0-4 > li:before{content:"(" counter(lst-ctn-kix_jiu831a1hlh0-4,lower-latin) ") "}.lst-kix_zagyc7lup8ly-8 > li{counter-increment:lst-ctn-kix_zagyc7lup8ly-8}.lst-kix_bpzvb5jqwzgb-1 > li:before{content:"○ "}.lst-kix_7y1p1phcqi4c-0 > li:before{content:"● "}.lst-kix_jiu831a1hlh0-1 > li:before{content:"" counter(lst-ctn-kix_jiu831a1hlh0-1,lower-latin) ") "}.lst-kix_jiu831a1hlh0-5 > li:before{content:"(" counter(lst-ctn-kix_jiu831a1hlh0-5,lower-roman) ") "}.lst-kix_bpzvb5jqwzgb-4 > li:before{content:"○ "}.lst-kix_7y1p1phcqi4c-3 > li:before{content:"● "}.lst-kix_jiu831a1hlh0-0 > li:before{content:"" counter(lst-ctn-kix_jiu831a1hlh0-0,decimal) ") "}.lst-kix_jiu831a1hlh0-8 > li:before{content:"" counter(lst-ctn-kix_jiu831a1hlh0-8,lower-roman) ". "}ol.lst-kix_4jovxbw0jrfs-7.start{counter-reset:lst-ctn-kix_4jovxbw0jrfs-7 0}.lst-kix_zagyc7lup8ly-4 > li:before{content:"(" counter(lst-ctn-kix_zagyc7lup8ly-4,lower-latin) ") "}ol.lst-kix_jiu831a1hlh0-4.start{counter-reset:lst-ctn-kix_jiu831a1hlh0-4 0}.lst-kix_zagyc7lup8ly-3 > li:before{content:"(" counter(lst-ctn-kix_zagyc7lup8ly-3,decimal) ") "}ol.lst-kix_5im4s3fm3pu7-5.start{counter-reset:lst-ctn-kix_5im4s3fm3pu7-5 0}.lst-kix_zagyc7lup8ly-0 > li:before{content:"" counter(lst-ctn-kix_zagyc7lup8ly-0,decimal) ".) "}ol.lst-kix_4jovxbw0jrfs-1.start{counter-reset:lst-ctn-kix_4jovxbw0jrfs-1 0}.lst-kix_9uki3ol2bu3m-6 > li:before{content:"● "}.lst-kix_yhtw4itg7m0q-1 > li:before{content:"○ "}.lst-kix_9uki3ol2bu3m-5 > li:before{content:"■ "}ol.lst-kix_4jovxbw0jrfs-8.start{counter-reset:lst-ctn-kix_4jovxbw0jrfs-8 0}ul.lst-kix_d49xb2m6o938-0{list-style-type:none}ul.lst-kix_d49xb2m6o938-1{list-style-type:none}.lst-kix_yhtw4itg7m0q-2 > li:before{content:"■ "}.lst-kix_zagyc7lup8ly-4 > li{counter-increment:lst-ctn-kix_zagyc7lup8ly-4}ul.lst-kix_d49xb2m6o938-4{list-style-type:none}.lst-kix_9uki3ol2bu3m-2 > li:before{content:"■ "}.lst-kix_yhtw4itg7m0q-5 > li:before{content:"■ "}ul.lst-kix_d49xb2m6o938-5{list-style-type:none}.lst-kix_t18i2nyv8n0y-1 > li:before{content:"○ "}ul.lst-kix_d49xb2m6o938-2{list-style-type:none}.lst-kix_9uki3ol2bu3m-1 > li:before{content:"○ "}ul.lst-kix_d49xb2m6o938-3{list-style-type:none}ul.lst-kix_d49xb2m6o938-8{list-style-type:none}ul.lst-kix_d49xb2m6o938-6{list-style-type:none}ul.lst-kix_d49xb2m6o938-7{list-style-type:none}.lst-kix_95wsfn5diwv3-4 > li:before{content:"○ "}.lst-kix_bpzvb5jqwzgb-8 > li:before{content:"■ "}.lst-kix_te32u5nd5yll-7 > li:before{content:"○ "}ol.lst-kix_gpx6f2o80x4l-4.start{counter-reset:lst-ctn-kix_gpx6f2o80x4l-4 0}.lst-kix_te32u5nd5yll-8 > li:before{content:"■ "}ol.lst-kix_zagyc7lup8ly-0.start{counter-reset:lst-ctn-kix_zagyc7lup8ly-0 0}.lst-kix_jiu831a1hlh0-8 > li{counter-increment:lst-ctn-kix_jiu831a1hlh0-8}.lst-kix_95wsfn5diwv3-3 > li:before{content:"● "}.lst-kix_bpzvb5jqwzgb-5 > li:before{content:"■ "}.lst-kix_yhtw4itg7m0q-6 > li:before{content:"● "}.lst-kix_95wsfn5diwv3-0 > li:before{content:"● "}ol.lst-kix_5im4s3fm3pu7-0.start{counter-reset:lst-ctn-kix_5im4s3fm3pu7-0 0}ol.lst-kix_4jovxbw0jrfs-2.start{counter-reset:lst-ctn-kix_4jovxbw0jrfs-2 0}ol.lst-kix_nyriqzl0ubug-1.start{counter-reset:lst-ctn-kix_nyriqzl0ubug-1 0}ol.lst-kix_jiu831a1hlh0-5.start{counter-reset:lst-ctn-kix_jiu831a1hlh0-5 0}.lst-kix_5im4s3fm3pu7-2 > li{counter-increment:lst-ctn-kix_5im4s3fm3pu7-2}ul.lst-kix_is83053c53v8-1{list-style-type:none}.lst-kix_reyzga1kljhv-3 > li:before{content:"● "}ul.lst-kix_is83053c53v8-2{list-style-type:none}ul.lst-kix_is83053c53v8-0{list-style-type:none}ul.lst-kix_is83053c53v8-5{list-style-type:none}.lst-kix_reyzga1kljhv-2 > li:before{content:"■ "}.lst-kix_reyzga1kljhv-6 > li:before{content:"● "}ul.lst-kix_is83053c53v8-6{list-style-type:none}ul.lst-kix_is83053c53v8-3{list-style-type:none}ul.lst-kix_is83053c53v8-4{list-style-type:none}ol.lst-kix_nyriqzl0ubug-7.start{counter-reset:lst-ctn-kix_nyriqzl0ubug-7 0}.lst-kix_wiwnco3ytq7j-5 > li:before{content:"■ "}.lst-kix_5im4s3fm3pu7-2 > li:before{content:"" counter(lst-ctn-kix_5im4s3fm3pu7-2,lower-roman) ") "}.lst-kix_zagyc7lup8ly-1 > li{counter-increment:lst-ctn-kix_zagyc7lup8ly-1}.lst-kix_12epep7ac4sf-0 > li:before{content:"● "}ol.lst-kix_5im4s3fm3pu7-6.start{counter-reset:lst-ctn-kix_5im4s3fm3pu7-6 0}.lst-kix_cg0ux9j3mtsm-2 > li:before{content:"■ "}.lst-kix_wiwnco3ytq7j-1 > li:before{content:"○ "}ul.lst-kix_is83053c53v8-7{list-style-type:none}.lst-kix_5im4s3fm3pu7-0 > li{counter-increment:lst-ctn-kix_5im4s3fm3pu7-0}.lst-kix_5im4s3fm3pu7-6 > li:before{content:"" counter(lst-ctn-kix_5im4s3fm3pu7-6,decimal) ". "}ul.lst-kix_is83053c53v8-8{list-style-type:none}ol.lst-kix_4jovxbw0jrfs-3.start{counter-reset:lst-ctn-kix_4jovxbw0jrfs-3 0}ol.lst-kix_5im4s3fm3pu7-3.start{counter-reset:lst-ctn-kix_5im4s3fm3pu7-3 0}.lst-kix_cg0ux9j3mtsm-6 > li:before{content:"● "}.lst-kix_nyriqzl0ubug-3 > li:before{content:"(" counter(lst-ctn-kix_nyriqzl0ubug-3,decimal) ") "}ul.lst-kix_xjioxailm6q8-0{list-style-type:none}.lst-kix_is83053c53v8-6 > li:before{content:"● "}ul.lst-kix_xjioxailm6q8-3{list-style-type:none}ol.lst-kix_nyriqzl0ubug-6.start{counter-reset:lst-ctn-kix_nyriqzl0ubug-6 0}ul.lst-kix_xjioxailm6q8-4{list-style-type:none}ul.lst-kix_xjioxailm6q8-1{list-style-type:none}ul.lst-kix_xjioxailm6q8-2{list-style-type:none}.lst-kix_xjioxailm6q8-0 > li:before{content:"● "}ul.lst-kix_xjioxailm6q8-7{list-style-type:none}.lst-kix_nyriqzl0ubug-7 > li:before{content:"" counter(lst-ctn-kix_nyriqzl0ubug-7,lower-latin) ". 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MANAGEMENT We also discuss several other topics like What is a caste system?

Organization

  • Group of people who work together to achieve specific purpose

If you want to learn more check out List down three ways to do a hypothesis test.

Management 

 1.) Pursuit of organizational goals efficiently and effectively

 2.) Integrating the work of people throughDon't forget about the age old question of List down the 5 kingdoms and the 3 domains of organisms?

 3.) Planning, organizing, leading, and controlling the organization’s resources

Efficiency 

  •  the means of attaining the organization’s goals. Using resources (people,                    money,materials).
  •  wisely and cost-effectively

We also discuss several other topics like Describe the hardy weinberg theory.

Effectiveness

  • The ends/goals. Achieve results, to make the right decisions and to successfully carry them out so that they achieve the organization’s goals

We also discuss several other topics like What are the features of federalism?

If you want to learn more check out What are the four options of the u.s. immigrants regarding assimilation?

Management

  • Understand to deal with organizations from the outside
  • Understand how to relate to your supervisors
  • Understand how to interact with co-workers
  • Understand how to manage yourself to workplace
  • You and employees will experience sense of accomplishment
  • Become a mentor and help others
  • Stretch abilities and maximize range
  • Build catalog of successful products and services

Four Management Functions

  1. Planning: Setting goals and deciding how to achieve them.
  2. Organizing: Arranging tasks, people and other resources to accomplish the work
  3. Leading: Motivating, directing, or otherwise influencing people to work hard to achieve the organization’s goals
  4. Controlling: Monitoring performance, comparing it with goals and taking corrective action as needed

*Competitive advantage is the ability of an organization to produce goods or services more effectively than competitors do, thereby outperforming them.

  1. Must stay ahead in: a) Being responsive to customers

                                            b.) Innovation

                                            c.) Quality

                                            d.) Efficiency

  1. Take care of the costumer without them, there is no organization
  2. Find ways to deliver new or better goods or services
  3. Quality makes people want your product over others
  4. Produce goods and services as quickly as possible using as few employees as possible

*The implementing of systems and practices to increase the sharing of knowledge and info throughout an organization

Managing for sustainability

Sustainability

  •  Economic development that meets the needs of the present without compromising the ability of future generations to meet their own needs.(increasingly important in US)

Four Levels of Management

  1. Top Managers
  • make long-term decisions at overall direction of organization and establish the

objectives strategies and policies for it

  • attention to environment outside organization (opportunities/problems and dealing w/them)
  • deal with uncertain, highly competitive conditions

  1. Middle Managers
  • Implement the policies and plans of the top managers and supervise and coordinate the activities of the first-line managers (to follow)
  • plant, regional, district managers
  • “High touch” jobs + dealing with people rather than computer screens or voice response systems
  • Directly affect employees, customers, suppliers,

  1. First Line Managers
  • Make short term operating decisions, directing the daily task of non managerial personnel, who don’t oversee the work of others

  1. Team Leaders
  • A manager who is responsible for facilitating team activities toward achieving key results
  • Report to a first line manager
  • May not have particular authority over other team members
  • Provide guidance, instruction, and direction
  • Coordinate efforts, resolve problems, report to first level manager, make decisions in the absence of consensus

Functional VS General Manager

  • Functional Managers
  • Responsible for one activity (organizational)
  • Ex. “VP of Production” , “ Director of Finance” or “Administrator for Human Resources”

  • General Managers
  • Responsible for several organizational activities
  • More common in a small organizatiion
  • Ex. Executive VP
  • Manager over several departments

Managers for 3 types of Organizations

  1. For- Profit Organizations
  • Formed to make money by offering products or services
  • Measure success based on how much profit is generated

  1. Nonprofit Organizations
  • Offer services to some clients- not make a profit
  • Private or Public
  • Commonwealth Organization - offer services to all clients within their jurisdiction

Ex. Military Services,  US Postal Service, Fire and Police Departments

  1. Mutual Benefit Organizations
  • Voluntary collections of members whose purpose is to advance member’s interests

Ex. Political parties, farm cooperatives, labor unions, trade association, clubs

Management By Objectives (MBO)

  • Peter Drucker
  • Converting general objectives into specific ones
  • MBO= 4 Step Process to motivate rather than control subordinates

  1. Jointly Set Objectives
  • Manager and subordinate jointly set subordinates objectives
  • Back and Forth negotiation is important
  • Impels people to set more difficult goals -positive effects on performance

  1. Develop Action Plan
  • Action plan for attaining jointly set objectives
  • Individuals or work units

  1. Periodically Review Performance
  • Every 3 months or so, formally or informally
  • Feedback from managers, objectives updated/revised
  • How well one is doing at meeting objectives

  1. Give Performance Appraisal and Rewards
  • 6-12 months
  • Discuss results, compare performance with objectives
  • Deal with results and not excuses
  • Performance that meets objectives should be rewarded- compliments, raises, bonuses, promotions
  • Failure to meet objectives- revising objectives, stronger measures= demotion, firing

Types of Planning

  1. Strategic Planning (Top Managers)
  • What the organization long term goals should be for the next 1-5 years with resources they expect to have available
  • Done according to mission and vision statements
  • General goals @ growth and profits and ways to achieve them
  • Requires visionary and recreational thinking
  1. Tactical Planning (Middle Managers)
  • What contributions their departments/work units can make with their given resources during the next 6-24 months
  1. Operational Planning (First Line Management)
  • How to accomplish specific task with available resources within the next 1-52 weeks

 

             

 

     

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